Posted in | News | Nickel | Mining Business

Concentrate Production Begins at Lundin’s High Grade Eagle Nickel-Copper Mine

Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce that concentrate production has commenced from the high grade Eagle nickel-copper mine. Construction activities at the Eagle Mine are now substantially complete, with the project being delivered on budget and ahead of schedule compared to initial guidance.

Mr. Paul Conibear, President and CEO commented, "We are extremely proud of the tremendous achievement that has been accomplished at the Eagle Mine. The Eagle Mine is a significant new, high-quality, low-cost mine, that has been constructed to the highest of safety, environmental and social responsibility standards.

Our team has done an exemplary job in bringing the mine into production, and we look forward to the operation becoming a significant cash flow generator for the Company and a significant contributor to the local and regional economy. We would like to thank all employees and contractors for their dedication and excellent work in addition to all local stakeholders for their ongoing support."

The Eagle Mine plans to ship first saleable copper and nickel concentrates during the first half of October 2014 and is expected to reach full design rates in the second quarter of 2015.

Recent development highlights include:

  • Construction activities are now substantially complete, ahead of the Q4 schedule in our original guidance
  • Total capital costs from acquisition to full completion are estimated at slightly below $400 million, on budget with guidance
  • The project was completed with an excellent safety record, achieving the best safety performance across all Lundin sites
  • Mine commissioning was completed in April
  • Current truck hauling rate is approximately 1,500 tonnes ore per day from mine to mill (full mill capacity is 2,000 tpd)
  • State highway and regional road upgrades are approximately 90% complete. Road construction is expected to conclude in Q4/14 and is well advanced to enable full production rate ore hauling.
  • Mine and mill site coarse ore storage facilities are fully stocked and prepared for operations ramp-up
  • Eagle Mine produced its first concentrate the week of September 7
  • Mill commissioning was completed during week of September 15th, with continuous production commencing at the end of that week
  • Shipping by rail of saleable nickel and copper concentrates is expected to commence in the first half of October

The Company's production guidance for the Eagle Mine over the first three full years (2015-2017) remains unchanged and is expected to average approximately 23,000 tonnes of nickel and 20,000 tonnes of copper contained metal in concentrate.

About Lundin Mining

Lundin Mining is a diversified base metals mining company with operations and projects in Portugal, Sweden, Spain and the U.S.A. producing copper, zinc, lead and nickel. In addition, Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the Democratic Republic of Congo and in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

On Behalf of the Board,

Paul Conibear, President and CEO

Source: http://www.lundinmining.com/

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Lundin Mining Corporation. (2019, February 17). Concentrate Production Begins at Lundin’s High Grade Eagle Nickel-Copper Mine. AZoMining. Retrieved on April 19, 2024 from https://www.azomining.com/News.aspx?newsID=10489.

  • MLA

    Lundin Mining Corporation. "Concentrate Production Begins at Lundin’s High Grade Eagle Nickel-Copper Mine". AZoMining. 19 April 2024. <https://www.azomining.com/News.aspx?newsID=10489>.

  • Chicago

    Lundin Mining Corporation. "Concentrate Production Begins at Lundin’s High Grade Eagle Nickel-Copper Mine". AZoMining. https://www.azomining.com/News.aspx?newsID=10489. (accessed April 19, 2024).

  • Harvard

    Lundin Mining Corporation. 2019. Concentrate Production Begins at Lundin’s High Grade Eagle Nickel-Copper Mine. AZoMining, viewed 19 April 2024, https://www.azomining.com/News.aspx?newsID=10489.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.